Copper trading range for the day is 450.1-465.3.
Copper prices gained as investors hoped an easing of trade tensions between the United States and China might eventually boost metals demand.
Indonesia’s energy ministry has approved a new recommendation for a unit of Freeport McMoran Inc to raise copper concentrate exports to 700,000 tonnes until March 2020.
The new recommendation is much higher than the initial approval for shipments of 198,282 tonnes of copper concentrates.
Copper prices gained as investors hoped an easing of trade tensions between the United States and China might eventually boost metals demand.
Indonesia’s energy ministry has approved a new recommendation for a unit of Freeport McMoran Inc to raise copper concentrate exports to 700,000 tonnes until March 2020.
The new recommendation is much higher than the initial approval for shipments of 198,282 tonnes of copper concentrates.
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